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Viacom has signed Philippe Dauman to a new long-term contract, securing the services of its president and CEO through December 2016.
Dauman’s previous employment agreement was set to expire at the end of 2011. Viacom credited Dauman’s “strong operational and financial leadership” as a determining factor in the decision to offer him a new contract.
A close confidant of Viacom executive chairman Sumner Redstone, Dauman (pictured) officially began punching the clock in 1993, when he joined the company as chief counsel and a deputy chairman.
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